Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,026, which is 84.22 % of all undergraduate students. 968 students which is 79.67% of undergraduate students received federal student loans and the average loan amount is $7,379.

For full-time, first-time beginning students (freshmen), 84.44% of students received grants or scholarships and 81% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Lincoln College of Technology-Melrose Park since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,026, which is 84.22 % of all undergraduate students. 968 students which is 79.67% of undergraduate students received federal student loans and the average loan amount is $7,379.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,064 (84%)$4,3871,055 (84%)$4,2331,025 (81%)$7,863
2014-15889 (83%)$4,466877 (82%)$4,224880 (82%)$7,587
2015-16801 (79%)$4,389785 (77%)$4,195815 (80%)$7,350
2016-17820 (80%)$4,322809 (79%)$4,164854 (83%)$7,244
2017-18940 (83%)$4,166908 (80%)$4,161894 (79%)$6,988
2018-19926 (82%)$4,106847 (75%)$4,269881 (78%)$7,226
2019-201,069 (92%)$5,156820 (70%)$4,033903 (77%)$7,038
2020-211,289 (87%)$4,738958 (64%)$4,2241,114 (75%)$7,434
2021-221,435 (88%)$4,1331,131 (69%)$4,1201,344 (82%)$7,683
Average1,026 (84.22%)$4,429910 (75.56%)$4,180968 (79.67%)$7,379
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 532 (84.44 % of students) received grants or scholarships and its average amount is $4,833. It can cover 15.16% of tuition & fees ($31,882).

In addition, 505 (81.00 % of students) students get helped from the students loans (average amount : $8,317).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14501 (88%)$4,537509 (89%)$8,691
2014-15428 (84%)$4,845441 (87%)$8,227
2015-16389 (80%)$4,635399 (82%)$8,307
2016-17481 (83%)$4,469489 (85%)$7,698
2017-18470 (78%)$4,705479 (80%)$8,053
2018-19440 (77%)$5,061436 (76%)$8,485
2019-20618 (98%)$5,222475 (75%)$8,132
2020-21745 (83%)$5,372652 (73%)$8,699
2021-22719 (89%)$4,651662 (82%)$8,558
Average532 (84.44%)$4,833505 (81.00%)$8,317
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 474 (76.44 % of students) received Pell (federal) grants and its average amount is $4,485.

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14495 (87%)$4,38415 (3%)$1,377--22 (4%)$3,743
2014-15423 (83%)$4,34481 (16%)$1,045--14 (3%)$10,834
2015-16381 (78%)$4,41460 (12%)$1,022--14 (3%)$4,280
2016-17476 (82%)$4,21589 (15%)$1,049--20 (3%)$2,512
2017-18469 (78%)$4,46154 (9%)$1,092--11 (2%)$5,482
2018-19435 (76%)$4,75575 (13%)$1,146--11 (2%)$6,598
2019-20430 (68%)$4,661527 (83%)$866--520 (82%)$1,474
2020-21586 (65%)$4,718554 (62%)$619--712 (79%)$1,257
2021-22573 (71%)$4,41372 (9%)$1,039--549 (68%)$1,349
Average474 (76.44%)$4,485170 (24.67%)$1,028--208 (27.33%)$4,170
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 505 (81.00 % of students) get any students loan help and its average loan amount is $505.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14509 (89%)$8,691509 (89%)$8,691--
2014-15441 (87%)$8,227441 (87%)$8,227--
2015-16399 (82%)$8,307399 (82%)$8,2701 (0%)$14,625
2016-17489 (85%)$7,698489 (85%)$7,698--
2017-18479 (80%)$8,053479 (80%)$8,053--
2018-19436 (76%)$8,485436 (76%)$8,485--
2019-20475 (75%)$8,132475 (75%)$8,132--
2020-21652 (73%)$8,699652 (73%)$8,699--
2021-22662 (82%)$8,558662 (82%)$8,558--
Average505 (81.00%)$8,317505 (81.00%)$8,3131 (0.00%)$14,625